By: Rpf Gakwerere
The Financial Times says Rwanda has manipulated its economic data. At the end, truth always prevails.
It’s only a mental case who can believe that a Country which has claimed for the last 20+ years, yearly economic growth averaging between 7% – 11% can still beg from donors more than 50% of her national budget. The potato enclave is 100% a donor recipient economy despite doctoring of data.
It took Tiger countries like Taiwan merely 12 years of yearly economic growth, averaging between 4% to 6% to transform from agrarian and fishery based economy into a donor country with an economy which is based on high tech, service delivery and top end manufacturing. Now Taiwan is a 1st class economy.
For the enclave, they have been recording yearly growth of between 7% to 11% for the past 20+ years, but the enclave’s population are still poor, low levels of human capital, stone age means of production….etc. obviously they are always presenting cooked up statistics.
My question, what economic sector has been supporting the potato enclave’s miraculous figures of yearly economic growth for the past 20+ years? Shocking in their doctoring, in 2008, when the whole world was facing a deep end recession with world economies being squeezed, the enclave registered 12% GDP growth.